Tag Archives: regional banks

Mortgage rates ease for 3rd day in a row on soft April jobs report

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Rates have been in retreat as bond market investors who fund most mortgage loans react to the latest economic news and scaleback in tightening by Fed policymakers. Continue reading →

NYCB’s surprise $2.7B Q4 loss rekindles regional bank fears

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Worries about commercial real estate are making jumbo mortgages costlier, since regional banks are a major provider of loans that are too big for Fannie Mae and Freddie Mac. Continue reading →

Flagstar mortgages could help NYCB shore up its balance sheet

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Troubled New York Community Bancorp is reportedly ready to pledge about $5 billion in home loans originated by Flagstar Bank as collateral for risk transfer that would bolster its capital. Continue reading →

Treasury Secretary: Commercial real estate will suffer ‘some pain’

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In her first interview since the resolution of the debt ceiling crisis, Treasury Secretary Janet Yellen said that while she expects “some pain” and even consolidation, banks will weather the storm. Continue reading →

Ongoing doubts about soundness of regional banks rattle investors

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Shares in regional banks PacWest Bancorp and Western Alliance Bancorp tumble, and TD Bank Group and First Horizon announce they’re calling off their merger. Continue reading →